Perrigo Co Plc (NYSE: PRGO) has reported E.P.S. of $-0.77 for its second fiscal quarter (ending June 30) versus $0.07 for the same period a year ago. For the latest four quarters through June 30, E.P.S. were $-0.83 compared to $-0.42 a year ago.
Recent Price Action
On 8/2/24, Perrigo Co Plc (NYSE: PRGO) stock declined by -2.1%, closing at $27.58. Moreover, this decline was accompanied by exceptionally high trading volume at 237% of normal. The stock has declined -1.7% during the last week and has been weak relative to the market over the last nine months.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to be above the cost of capital, PRGO is expected to continue to be a Value Builder.
Perrigo has a current Value Trend Rating of C (Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. Perrigo has a good Appreciation Score of 77 but a poor Power Rating of 27, with the Neutral Value Trend Rating the result.
Rating Review
In light of this new information and negative market action we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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